A) Goodwill Question (5 points) Mario Bakery purchased the net assets of Qameh Bakery for $300,000 on December 31, 2020. The balance sheet of Qameh Bakery just prior to acquisition is. Required Assets Cost FMV Cash $60,300 $60,300 Receivables 35,000 24,700 Inventories 15,700 20,000 Equipment 60,000 65,000 Patent 15,000 Total $171,000 $185,000 Liabilities & Equities Cost EMV Accounts payable $6,000 10,000 Common stock 65,000 65,000 Retained earnings Total 100,000 110,000 $171,000 $185,000 Answer the following questions and fill-in your answers in the table on the first page. 1) What amount is assigned to goodwill? 3,000,06 2) Assuming the purchase price paid was $135,000. a. What is the difference between the purchase price and FMV of net identifiable assets? 50,000 b. This amount is assigned to which account? Credit side Borgin on purchase Good Balance sheet c. In which financial statement should this account appear? d. In which section of the financial statement should this account appear? Asset sich